Men Formal Shoe Market is Expected to Grow at a CAGR of 6.10% from 2018 to 2025

The men formal shoe market was valued at USD $ 6276.6 million in 2014 and is likely to garner USD $ 11469.0 million in 2025, growing at a CAGR of during the forecast period according to Progressive Markets report, Global Men Formal Shoe Market-Opportunity and Forecast, 2016 - 2025.

The report provides a comprehensive overview of the men formal shoe industry with the help of market trends, market dynamics, market segmentation, Porters Five Forces Analysis (PFFA), market size, market share analysis, market forecast, and company profiles. The information in the report is procured after performing an extensive primary and research, not to mention, opinions from industry leaders. The report is a useful source of guidance for market players, investors, and new entrants as it helps them gain useful insights on the latest happenings of the market and devise strategies to survive the intense competition in the marketplace.

The research report commences with an executive summary of the industry, which includes the key findings in the men formal shoe market along with the analysis of any associated research and development. Market attractiveness and trends analysis are outlined in the market research report. The competitive landscape is provided to help industry players assess the competition level in the industry and make plans to stand out in the marketplace.

The market landscape of the global men formal shoe industry is discussed in the report. It is based on the growth drivers, restraints and challenges, Porters analysis, and market share analysis. The drivers and restraints play a role in the rise and fall of the market. Porters Five Forces model is provided to determine the level of competition in the market worldwide. The analysis is based on the five forces such as bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry.

The report includes a concise analysis of both the drivers and restraints that govern the growth and fall of the men formal shoe market. This data helps an investor or market player evaluate the risk associated with this market. The drivers mentioned in the report include the rapid growth and urbanization, the rise in commercialization, a high demand for branded footwear, an increase in disposable income among developing economies, and innovations in the design and features of formal shoes. Furthermore, the fast-expanding Asia-Pacific men formal shoe market provides opportunities for growth of the market. On the other hand, counterfeit shoes and entry of non-leather local brands act as hindrances to the overall growth of the industry.

The report provides information regarding market segmentation based on the mode of transport, service type, and geography. Thus, market players, new entrants, and investors gain insights on the market trends in different segments and geographical regions. The market research conducted covers the segmentation based on shoe types, leather types, and geography. By shoe types, the market is divided into oxfords, derby, loafers, boots, and others. The oxfords segment is likely to garner $1838.9 million in 2018. The derby segment is expected to garner $2782.2 million in 2025. The boots segment is likely to grow at a CAGR of 7.01% during the forecast period. Based on leather types, the market is segmented into patent leather, pebble & full grain, top grain, and suede leather. The pebble & full grain segment is expected to grow at a CAGR of 7.16% while the top grain segment is likely to grow at a CAGR of 6.41% during the forecast period. Geographically, the market is divided into the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis covers the U.S., Mexico, and Canada. In Europe, the market analysis covers Italy, Germany, France, UK, Spain, and the rest of Europe. In Asia-Pacific, the market analysis is done for China, Japan, India, Malaysia, and the rest of Asia-Pacific. In LAMEA, the market analysis covers Latin America, Middle East, and Africa.

The report provides a detailed analysis of the key market players operating in the men formal shoe market. An overview of each company along with information regarding their financial and business segments, as well as their recent developments are included in the report. This information helps players and investors recognize future competitors and develop strategies to grow their own business. The key market players include C. & J. Clark International Ltd (UK), Dolce & Gabbana (Italy), Cole Haan LLC (U.S.), Louis Vuitton (U.S.), Alden Shoe Company (U.S.), Guccio Gucci S.p.A (Italy), Calvin Klein Inc. (U.S.), Hugo Boss AG (Germany), Burberry Group Inc. (UK), and Prada S.p.A. (Italy). These market players adopt expansion, collaboration, partnership, joint venture, merger & acquisition, and other strategies to gain a strong foothold and sustain the intense competition in the market